Carriers lead the way in blockchain implementation
The world’s largest container shipping lines are pivotal to the implementation of blockchain in the supply chain, as has been demonstrated
Finance News
Standard Chartered Bank signs up to Poseidon Principles to cut shipping emissions
Standard Chartered Bank has signed up to the Poseidon Principles, a global framework that aims to align carbon emissions in the
COSCO Shipping and Shanghai International Port Group strike data sharing deal
COSCO Shipping has signed a strategic agreement with Shanghai International Port Group (SIPG) to promote common development and increase data sharing.
Carriers must focus on digitalisation and logistics as investor patience wears thin
Carriers should continue to diversify operations instead of focusing on traditional growth strategies, such as vessel expansion or modernisation, said Neil
HHLA and Wilhelmsen invest in maritime start-up investment fund
Wilhelmsen and Hamburger Hafen und Logistik (HHLA) have helped launch Motion Ventures, a consortium-driven investment fund to accelerate start-up innovations in
Felixstowe and Harwich submit Freeports bids as industry reaches deadline day
The Port of Felixstowe and Harwich International Port have submitted bids for Freeport status as the application window closes on 5 February. The Suffolk ports, looking to become one of the 10 Freeport
High freight rates, low bunker prices drives Hapag-Lloyd to growth in 2020
Hapag-Lloyd’s earnings before interest, taxes, depreciation and amortisation (EBITDA) increased by 0.9% year-on-year (YoY) in 2020 as it continues to do
Busan Port Authority to establish logistics base in Indonesia
The Busan Port Authority (BPA) will establish and operate a bonded warehouse after it bought a new logistics base in Indonesia
Montreal shortlists three consortia for design and development of new terminal
The Montreal Port Authority (MPA) has narrowed down the consortia bidding for the design and construction of Contrecoeur container terminal to
Port of Prince Rupert receives government funding to boost capacity and supply chain
The Port of Prince Rupert will receive $19.81 million (CAN$25 million) from the government of British Columbia to improve and expand
DP World begins work on JNPT business park
DP World has started building the Nhava Sheva Business Park (NSBP) Free Trade Zone (FTZ) by the Jawaharlal Nehru Port Trust
ICTSI raises $97 million in sale of treasury shares
International Container Terminal Services, Inc. (ICTSI) has successfully raised PHP4.7 billion (US$97 M) from the sale of 40 million common shares
